EUR/JPY Daily outlook

Intraday Major resistance -131.28 (200 day 4HMA)

EUR/JPY Break above 131.28 could pave way for next target

R2 -131.78

R3- 133 (61.8% retracement of 136.67 and 126.87)

Intraday major support -129.84 (20 day 4HMA)

Break below will drag the pair further down till

S2-129

S3-128.56 (61.8% retracement of 126.89 to 131.28)

Recommendation: Buy EUR/JPY around 130.80, SL 129.84, Targets 131.78/133.